Takeover of CFO (holding company) and restructuring

At an Aluminum Production Group in Nordrhein-Westfalen

An Atreus interim manager is taking over the CFO position at an aluminium production group at short notice. The restructuring of subsidiaries is driven forward through optimised reporting and improved data validity. A sustainable reorganisation is successfully prepared.

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Company Details

European group of companies from the aluminum industry with sales markets in automotive, medical technology, construction and others.
Revenue: €250m and approx. 1,000 employees worldwide

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Situation and Challenge

Management of special requirements under COVID 19 conditions
Orderly implementation of restructuring requirements at subsidiaries
Short-term assumption of the vacant CFO position in the holding company until a replacement is found

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Objective and Tasks

Ensuring transparency/simplification of reporting system and planning processes
Orderly restructuring of the subsidiary
Management of the M&A process until closing

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Measures and Procedures

Increased efficiency in the preparation of monthly reports, planning processes and consolidation requirements
Establishment of a group-wide mapping for comparability of report data per division
Initiation of initial restructuring measures
Initiation of insolvency proceedings and advancement of M&A process

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Results and Achievements

Improvement of data validity in reporting and planning data and reduction of workload in controlling
€500T savings through restructuring measures
Initiation of insolvency proceedings as a prerequisite for sustainable restructuring

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